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Credit Suisse to price trigger gears linked to MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., Dec. 20 – Credit Suisse AG, London Branch plans to price 0% trigger gears due Dec. 31, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.3 to 1.3515 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. is the distributor.
The notes are expected to price Dec. 27.
The Cusip number is 22550K731.
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